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Industry
March 21, 2025
Money Laundering Concerns Rise over Cyprus Casino Cash Exemption
A new proposed bill in Cyprus suggests exempting casinos from the €10,000 cash transaction cap but some say this could facilitate money laundering, an activity against which the country has been fighting more intensely. Cyprus MPs Propose Controversial Casino Cash Exemption A bill to exempt casinos from the €10,000 (around $10,840) cash transaction limit has […]
Casino
January 28, 2025
Analyst Recommends Melco Sell Cyprus and Manila Casinos
A top expert thinks Melco Resorts & Entertainment should think about selling its casino properties in the Philippines and Cyprus. This advice is part of a plan to make the company stronger in important markets, including Macau and Thailand. Vitaly Umansky from Seaport Research Partners shared these thoughts in a recent study of the company’s […]
Sports
December 13, 2024
Cyprus Lawmakers Agree to Raise the Sports Betting Levy
Cyprus MPs have greenlit a bill that would increase the levy on sportsbooks’ winnings. This controversial measure seeks to increase the money provided to soccer clubs and academies. The Levy Will Increase by 1.5% The bill, which was proposed by the finance ministry, passed with 27 votes in favor and 25 against. It would increase […]
Casino
June 5, 2024
Ukraine Dismisses Claims of Zelensky Casino Purchase as Russian Propaganda
The Embassy of Ukraine in the Republic of Cyprus has strongly refuted allegations that Ukrainian President Volodymyr Zelensky had acquired a casino in Kyrenia. In an official statement, the embassy characterized these reports as “another lie” intended to discredit Ukraine and its leadership and to create diplomatic friction between Kyiv and Nicosia. Ukraine Blamed Russian […]
Industry
February 23, 2024
Cyprus Gambling Regulator Introduces Self-Exclusion Platform
The National Betting Authority (NBA) of Cyprus has unveiled a groundbreaking initiative aimed at empowering players to take control of their gambling habits. The National Self-Exclusion Platform (NSEP), launched during a press conference on February 20, 2024, marks a significant step forward in promoting responsible gambling practices. Cyprus NBA’s NSEP Offers Flexible Self-Exclusion Options Designed […]
Business
July 7, 2023
Novusbet to Leverage Flows’ No-Code Automation Tech
Novusbet, a Cyprus-based B2B sportsbook and PAM provider has unveiled a new partnership with the award-winning no-code automation platform Flows. Under the new deal, Flows will provide Novusbet with its famed no-code platform, allowing the latter company to build innovative features and applications without code. Novusbet is owned by the Softquo Group, which encompasses Goldenrace, […]
Casino
May 12, 2023
Melco Resorts Sets to Launch City of Dreams Mediterranean in July
The project features a 7,500-square-metre casino that includes slot machines, table games, and a dedicated poker room for players who wish to enjoy their favorite game a little more competitively. The sluicegates will open on July 10, 2023, when Melco Resorts & Entertainment starts promoting the venue more aggressively and focuses on getting more footfall. […]
Sports
May 4, 2023
RMG, BoscaSports, NRC Team Up to Deliver Racing Screens in Cyprus
Racecourse Media Group (RMG) has joined forces with Nicosia Race Club (NRC) and BoscaSports to launch the latter company’s pool betting display platform across retail venues in Cyprus. In total, 125 retail outlets and the NRC’s racecourse will be equipped with new screens and content. RMG, which has been working alongside NRC for a while, […]
Industry
December 15, 2022
Turkish Authorities Commenced New Crackdown on Illegal Betting
Illegal betting activities in northern Cyprus continue, organized by relatives of murdered businessman Halil Falyali, according to Turkish Minister of Interior Suleyman Soylu. Illegal Betting Continues Soylu, who spoke to the Turkish news media channel TRT, claimed that the entire area from the Balkans to Malta and the north is filled with illegal online betting […]
Casino
October 19, 2022
Melco’s Cyprus Project Needs More Than 1,000 Jobs to Fill
Melco Resorts & Entertainment has launched a new recruitment drive in a bid to fill in the vacancies for the upcoming City of Dreams Mediterranean integrated resort in Cyprus. The resort, which is still under construction, now needs to fill more than 1,000 available positions. The project fetches a hefty price tag worth €550 million […]
